Felix Capital, a London-based enterprise capital agency, has raised $300 million for its third enterprise capital fund. The brand new fundraising doubles Felix’s complete belongings below administration to extra $600 million. For a VC agency that’s solely been round for 5 years, it’s performed fairly nicely for itself.
The agency backs “digital life-style” corporations with buyer
bases that exhibit cult-like loyalty to the manufacturers. Felix was an early investor
in now-public corporations together with FarFetch and Peloton, in addition to non-public
corporations Mejuri, Highsnobiety — and the one I’m personally most intrigued by —
Goop. I spoke with Felix Capital founder and managing accomplice Frederic Court docket again in
2018 about his funding technique for Time period Sheet’s “5 Questions With a
As I wrote then, Goop is an organization that encapsulates the agency’s funding thesis completely — it started as a e-newsletter of suggestions curated by Gwyneth Paltrow in 2008. Immediately, it’s a venture-backed life-style empire valued at greater than $250 million. Court docket invested 4 years in the past, and he sits on Goop’s board and considers Paltrow the most effective entrepreneurs he’s labored with.
“The massive factor to know is that there’s an enormous development
particularly from the youthful technology round wellness and well-being,” Court docket stated
on the time, including, “The success comes if you mix the product with
training, which is what Goop does. We see an increasing number of folks investing in
NEW VC ALERT: Rachel Holt, who was Uber’s head of
mobility, has left the corporate to affix Assemble Capital as a co-founder.
Assemble is a brand new Washington D.C.-based enterprise capital agency co-founded by
Dayna Grayson, who was beforehand at NEA for six years.
“I’m actually excited to take every thing I’ve discovered at Uber
to assist discover, fund and scale the following technology of tech entrepreneurs,” she stated in a
The duo is within the midst of fundraising. Keep tuned to Time period
Sheet for more information quickly.
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